Ford Credit de Mexico to sell Ps. 450 million of certificados bursatiles in three tranches Wednesday

By Reshmi Basu

New York, Nov. 29 - Ford Credit de Mexico SA de CV Sofol said it plans to issue Ps. 450 million in three tranches of certificados bursatiles (MX-1/mxA-1/F1+mex)) via an auction on Wednesday.

The company plans to sell Ps. 150 million of 56-day certificados bursatiles. The issue will carry a maturity date of Jan. 26, 2006.

The second tranche is Ps. 200 million of 84-day certificados bursatiles. The maturity date is Feb. 26, 2006.

The third tranche is Ps. 100 million of 168-day certificados bursatiles. The maturity date is May 18, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for all three transactions.

Settlement is scheduled for Thursday. Ford Motor Credit Co. will guarantee the issue.

The 56-day certificate is 028 in Ford Credit's current certificados bursatiles program. The 84-day certificate is 029, and the 168-day certificate is 030.

The issuer, based in Mexico City, is the financial arm for Ford Motor Co.

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